Crude Oil dropped lower as it was creating a '5 Sub-Wave (A,B,C,D,E) corrective Triangle structure, as you can see from the video analysis. We should now see the bullish momentum resume as Wave 4 has reached the bottom or is nearing.
Confluences👇
⭕️A-B-C-D-E Correction Complete (5 Sub-Wave Correction).
⭕️Major Wave 4 Complete.
⭕️U.S. - Iran War Resuming in Strait of Hormuz.
During this correction as Oil prices moved lower, governments/media worked together & manipulated everyone saying 'Ceasefire nearly agreed!', getting up everyone's hope. Now that 'Wave E' is complete & Oil is turning bullish again, now more news is being pumped out about the war resuming, pushing Oil prices back up!
Confluences👇
⭕️A-B-C-D-E Correction Complete (5 Sub-Wave Correction).
⭕️Major Wave 4 Complete.
⭕️U.S. - Iran War Resuming in Strait of Hormuz.
During this correction as Oil prices moved lower, governments/media worked together & manipulated everyone saying 'Ceasefire nearly agreed!', getting up everyone's hope. Now that 'Wave E' is complete & Oil is turning bullish again, now more news is being pumped out about the war resuming, pushing Oil prices back up!
Trade active
Oil has surged over 6% so far. Don’t say I didn’t warn you all, from my analysis video😳📈
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.